Greenland Hong Kong Holdings Limited provided earnings guidance for the year ended December 31, 2020. The board (the "Board") of directors of company expected to record an increase of approximately 50% in the gross profit for the Year 2020 as compared to that of approximately RMB 5.5 billion and an increase between approximately 10% and 20% in the profit for the Year 2020 as compared to that of approximately RMB 3.04 billion for the year ended 31 December 2019 as disclosed in the Company's 2019 annual report.